NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,419 shares of the computer hardware maker’s stock after selling 149 shares during the quarter. Brown Capital Management LLC’s holdings in NVIDIA were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Integrated Investment Consultants LLC boosted its holdings in shares of NVIDIA by 659.5% in the third quarter. Integrated Investment Consultants LLC now owns 11,970 shares of the computer hardware maker’s stock worth $1,454,000 after buying an additional 10,394 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of NVIDIA by 21.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 254,259 shares of the computer hardware maker’s stock valued at $30,877,000 after buying an additional 45,569 shares during the last quarter. John G Ullman & Associates Inc. acquired a new position in shares of NVIDIA during the 3rd quarter valued at about $208,000. German American Bancorp Inc. lifted its stake in shares of NVIDIA by 4.7% in the third quarter. German American Bancorp Inc. now owns 256,257 shares of the computer hardware maker’s stock worth $31,120,000 after buying an additional 11,392 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in NVIDIA by 24.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 13,815 shares of the computer hardware maker’s stock worth $1,678,000 after buying an additional 2,709 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,071,886 shares of company stock worth $140,997,550 over the last quarter. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Loop Capital restated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. William Blair began coverage on NVIDIA in a research report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Stifel Nicolaus upped their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. DA Davidson raised their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Price Performance

NASDAQ:NVDA opened at $140.14 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $49.48 and a 12-month high of $153.13. The stock’s 50 day moving average price is $139.72 and its two-hundred day moving average price is $128.37. The firm has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.15, a P/E/G ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.